the SPY near-term bullish chance for any bounce to actually have staying power depends on holding above the daily 50,2 lower Bollinger Band ... an actual price hold below the lower BB shown earlier in the "reply to" post #16579 is a negative chart event
forget the possible importance of now testing the prior intraday price lows, if looking for a probable bottom ... watch the daily 50,2 lower Bollinger Band and watch the SPY 65-day sma
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